Financial services sales jobs 'considerably reduced'

Research shows the number of sales jobs available in the City financial services sector has been reduced, a source says.

Morgan McKinley's London Employment Monitor found positions in the city fell by more than a third last month, Personnel Today reports.

The document claims the bankruptcy of bank the Lehman Brothers will further change "the landscape" of the financial services sector.

Chief executive of the research firm's owner Imprint Robert Thesiger says a slowdown of activity and a large number of workers in the field taking vacation time may have depressed growth of positions such as sales jobs.

"New job volumes and the number of individuals looking for new career opportunities were considerably reduced," he tells the news provider.

A report by Hay Group also found 110,000 jobs in the UK financial sector could be lost over the next twelve months.

In related news, the bank has arranged a deal with Barclays to sell parts of its business, which has led to a number of its American employees retaining their jobs.

There is a possibility that its British employees may also be transferred to the buyer.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

Filed: 18-09-2008